4. Substance: This Notice revises OMB Circular A-133, ''Audits of States, Local Governments, and Non-Profit Organizations,'' by (1)
Updating the internal control terminology and related definitions used in the Circular; and (2) simplifying the auditee reporting package submission requirement to the Federal Audit Clearinghouse (FAC). The revisions shall apply to audits of fiscal years ending on or after December 15, 2006.

5. Action: Program administrators are requested to share this Information Alert with appropriate staff and other agencies, and are invited to comment on or before August 27th to:

6. Contact: Comments or questions about the revisions to the OMB Circular A-133 may be directed to Gilbert Tran on 202.395.3052.
Comments or questions about the format of this Alert may be directed to Robert Rainault on 312.596.5416.